Maximize Your Returns, Minimize Your Tax Burden
Reduce your taxes by investing in our voluntary pension schemes.
Introduction
Under Section 63 of the Income Tax Ordinance, 2001, individual taxpayers in Pakistan are eligible to claim a tax credit by investing in Voluntary Pension Schemes (VPS). This provision presents a valuable opportunity for investors to reduce their annual tax liability while simultaneously building a retirement fund through Shariah-Compliant, Shariah-compliant investments.
Why Consider Tax Savings
with Al Ameen Funds?
At Al Ameen Funds, we offer Shariah-compliant Voluntary Pension Schemes designed to help you secure your financial future without compromising your values. When you invest in our VPS products, you benefit in two powerful ways:
Grow Your Wealth
Earn competitive, Shariah-Compliant returns through diversified, professionally managed portfolios.
Reduce Your Taxes
How Tax Savings Work
If your annual taxable income is PKR 2,000,000, you can invest up to PKR 400,000 in a VPS and receive a tax credit of the same amount, potentially reducing your tax by tens of thousands of rupees.
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You can claim a tax credit of up to 20% of your annual taxable income, subject to certain limits.
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This credit is deducted directly from your payable tax, reducing your total tax liability.
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The higher your income and contribution (within limits), the greater your potential savings.
Key Benefits of Investing in
Al Ameen’s Shariah-Compliant VPS
Tax Efficiency
Optimize your tax savings with minimal effort
Shariah Compliance
All investments are carefully reviewed for Shariah compliance
Professional Management
Our expert fund managers handle the day-to-day investment strategy
Flexible Contributions
Choose how much and how often you contribute
Secure Future
Build a retirement nest egg in a Shariah-Compliant and disciplined manner
Who Is Eligible?
Take the First Step Toward Smarter, Shariah-Compliant Tax Planning
Frequently Asked Questions
Is there any condition on getting tax credit?
In the case of mutual funds, the only condition is that you need to hold your investment for at least two years (as per the Income Tax Ordinance). This will be applicable to investments made on or before 30th June 2022.
For pension schemes, there is no holding period requirement as such. However, if you withdraw any amount from your investment held in a pension scheme before your selected retirement date, then a tax penalty will be charged, which will be equivalent to your average tax rate of the last 3 years.
